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IMF Mission and Antigua and Barbuda Reach Agreement in Principle on US$125 Million Loan

South Florida Caribbean News: "ST. JOHN'S, Antigua - Mr. Wendell Samuel, chief of the International Monetary Fund (IMF) mission to Antigua and Barbuda, issued the following statement today in St. John’s:

“The Antiguan authorities and an IMF staff mission have reached agreement on a program that the mission will recommend the IMF support through a Stand-By Arrangement (SBA) for SDR 81 million (about US $124 million) over 36 months. Following review by staff in Washington and management approval, the IMF’s Executive Board would consider Antigua and Barbuda’s request for an SBA, which is envisaged for May."

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